Man says he's grossing millions reselling clearance items from Walmart on Amazon
Вставка
- Опубліковано 6 лис 2017
- Ryan Grant said raiding the discount aisles at big box stores and flipping the items on Amazon started as a side hustle but has since become a booming business. LEARN MORE: gma.abc/2WsYKqj
- Розваги
I was worried about replacing my high-end older oasis with this one ua-cam.com/users/postUgkxCgPI5O2AtmcHq9SJhgsCGbpAzJAJfrJp but it is surprisingly light and the screen resolution is just as good. I never had the warm light on my old kindle, but i do not use it on the ipad so I will probably not need it. I think the only thing I'll miss is the self-adjusting light, but this is so worth it!
5 mins to install an app. She needs better service lmao
He buys in BULK. He’s not reselling clearance items off the shelf. No way. That’s just how he STARTED. He’s buying pallets at pallet auctions so the guy really didn’t give away all his secrets.
JH92407 Where can one find a pallet auction?
Trevor D search google for the name of a store with the words “pallet auction”. Popular ones are Home Depot and target pallet auctions. Most big box stores sell off pallets of overstock for cheap. Problem is some pallets may be in another state so transportation is expensive.
Trevor D buy bulk on ali express or chinese websites for 2¢ a peice
JH92407 Bad bad journalism.
I know a guy that does this too. buys in bulk. you have to.
I tried this now I’m stuck with a bunch of dollar tree trash! Fml
Rich Broke 😂
it's cause this type of shit gets blasted on the news so everyone starts to do it and the profit goes away
Rich Broke
Better sale as a bundle
If you don’t sell them in two weeks return them to the store.
Mr. No Nutz you He buys clearance meaning-it wont be there later
Moral of the story, shit is cheaper at Walmart. Buy there.
Support your local child labor warehouse store. Walmart
That's what I'm thinking.
Haha not necessarily!
Yep, nevermind that you're supporting wage slavery in China that will soon be implemented in the U.S.! :D lol
ha, that's an awesome point there, .... skip all that crap and shop at walmart
This news lady is going to quit her job in 6 months...
TheeJoeyLee. She probably prefers to be a star. What's good with all the money if nobody knows you exist.
Slo Mo What?
Slo Mo You can enjoy your life without journalist following you.
TheeJoeyLee : She is giving her boss BJs in the office.
😹😹
Yeah BS. Amazon fees are a joke, they make all the money
Drew what are the fees .... cuz it’s not a lot u broke ass loser
the best website that help people to make money with ebay and amazon is *MyOnlineSelling. Com* .... hope it will help.
I tought i was the only one who think this way ! I sell 20 on ebay and pay 12 shipping and PayPal 2 ebay 1 i paid 3 for whatever im reselling, without counting tape and shipping supplies i have to buy
I thought it was just 15% for Amazon
Both Walmarts by my house no longer have the clearance aisle anymore, I wonder if this guy messed it up for us. It was perfect to pick up a cheap gift for a birthday party, not anymore.
I noticed that too:(
Walmart should start selling their clearance items in Amazon. lol
So... instead of buying from him I should just go to my local Walmart 🤔
ENZOtaki
But what are the chances of finding your item(s) on clearance at that one Walmart...
Yes but the secret is people are lazy and want things now so they don’t look.
S. Holmes Exactly. items will sell because America is lazy & Will rather click a mouse than go to the grocery store to examine fresh produce ..
some live too far from grocery store so order online. duh
ENZOtaki but people are still buying online.
The problem is you actually have to go INTO Walmart.
Nate Bergeson haha very true, not worth all the money in the world to me
OMG - I'm DEAD LOLOL.... and that my friend is defiantly a problem!!!
All the Walmart’s around me have clearance with good stuff
Won't somebody think about the children?
walmart sucks not because of the products but the fucking people that go there
This is almost impossible now. We used to sell $20k a month and we're down to $1,500 now. Hard to find inventory.
Prices on EBay and Amazon are so terrible high for used items that i don't do any buying anymore. Reason is that there are so many fucking resellers and not people who want to get rid of their shit and then the algorithms are kicking in.
@@llothar68 most people on ebay, facebook sell groups think their items are worth shit and overpriced them, bunch of retards as nobody would buy that
@CAPTAIN DABBIN that's a fact.
Lol it nt like there competition
no its not actually.
buying something is as easy as farting but selling something is as hard as constipation
The modern Shakespeare
I only shed two tears
lolllll
@Biff Danielson - no he got it out of the satanic atheist idiot manual.
R D Lol 👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿
This is fucking crazy I remember years ago when he started the blog, I'm still on his newsletter getting his emails.. and I go on UA-cam & see him on "GMA" that's amazing congrats!! on the continued success Ryan
I flipped my mattress over this morning. That was exciting.
lmbooooo
Use the *MyOnlineSelling. Com* Directory to find trustworthy, low-cost suppliers who stock your chosen product.
If you know anything about amazon, or selling online this is the most cringe video ever people will try this and completely fail lol
Edi Kostic this could only work on offer up😂😂
Or get inspired and do their homework first and then learn by trial and error and scale up as the time passes......
THANK. YOU.
I wanted to try it after I saw the video. Can we discuss a little bit about it ? I would really really appreciate it 😊
@@shortcut5660 Same here!
Amazon will be thrilled about this story...
All the people scanning items helps them in the long run...
TAKE THIS VIDEO DOWN, YOU'RE GOING TO SATURATE THE MARKET AND FLOOD WITH COMPETITORS 😭
kevin de bruyne people are too lazy
I was going to say the same thing
Just because people know doesn't mean they will do it.
Benny damn straight
True, but all it takes is ONE in each town to ruin the status quo. Guess we need to find new sources that she DIDN'T mention.
Amazon is an incredibly difficult selling platform. They restrict many items that you can sell because those huge multi-national corporations don't want the competition. Kind of sad because individual sellers can ship faster and we help move product that would otherwise sit around not getting bought
I don't buy things on Amazon that I can purchase locally.
I don't buy things locally that I can purchase on Amazon.
Exactly. Not everyone shops online.
Offerup is a great site to buy from because you can negotiate prices.
Then you have to factor in the time it takes to find the products and take off those gawd awful clearance stickers.
tpsu129 lol just ship the items with them on fuck it
Preston Alexander LOL
People have been doing this on ebay forever.
Especially buying from garage & lawn sales.
Wak Job yeah and it’s not easy
Ebay sucks
If you think Ebay is full of Chinese "craps", then discard your IPhone.
Diego Lee Rot unlike your mom....she's fun.
BroccoliQueefed I have htc...and I'm grass Fed
I use to do that with eBay and made about $2k a month buying and selling used items through thrift stores. You can buy a stroller for $15 and sell it to consignment for $40. Or antiques for $7 and sell online for $250. You just have to research, be good at marketing, take photos and be able to store/clean/ship the items. Things sell while you are going about your day. It really helped supplement my income being a stay at home mom and putting my kids thru private school. It's hard work though, physically demanding and not alot of respect from others was the downfall. But time with my kids and not working away from them made up for it!!
people don't discover this on their own. good job
There is reason this stuff is on sale nobody wants it
That or they need to make room on shelves for new and better inventory
Star Wars Trilogy millennium falcon retails for $200. Goes on clearance for $90. Going price in Ebay, $500. Someone is making a $400 profit.
this video sponsored by Walmart
Jesse Wheeler 😂😂😂
Jesse Wheeler but that means Amazon will get more profit though
but Wal-Mart can sell this crap rather than throw it out
Wutterya Dewin Did you push the button for Walmart?!
Joint sponsored by Walmart and Amazon.
It’s not that easy
Roberto Rivera. Why wouldn't it be and can you explain in simplest form please
R P I would but I don’t have 5 hours
Roberto Rivera lol
Roberto Rivera you just have to consider gas, taxes, shipping and Amazon fees really. It's not rocket science but it won't happen over night of course..
This grill Is not a home lol I wish you were right, but I sold over 5000 items on eBay and a few on Amazon.lets not forget TIME, and DESIRABLE ITEMS,and CASH PLENTY OF IT , so you can buy the whole lot and let it sit., there so much more but I’m tired and trying get a bite here at this slow ass. Denny’s here in St. Augustine
There is a minimum amazon fee of about $4 for FBA and it costs money to ship it to them AND to store it at their facility. So a $4 product that sells for $10 will not make you any money. On top of that, people also return about 15% of purchases on Amazon.Retail arbitrage does work but it's a very calculated business. You can't just buy any clearance item and expect to make money just because it costs more on Amazon.
This is why you ship everything yourself. I don't buy clearance shit from Walmart but thrift stores and I ship everything myself for years. It's only if you're dealing with tons of items and heavy sales and you can't keep up with them does it make sense to use fba or ordering bulk from china
Don’t forget that sometimes things are in clearance for a reason!
15% of purchases are returned on Amazon? That seems incredibly high. I think I've returned 2 things in the last 10 years and I purchase all non-clothing and food items on amazon.
Matt J I'm with you. I'm thinking of getting into this out of a simple garage & I do appreciate Your comment big time...thanks.
13littleducklings yeah. reason being that they need to clear out for a new season for example - but that season will always return..fir example
The secret to success is never reveal the ropes. The very people you inspire are the ones who will take over you. If they are endorsing esthetically then that means they are rooting you to buy their book and crap. Kudos to him, but revealing success will only lead to more competition.
Easy to gross millions, try NETTING millions
So true hahaha
Have you done it? Nah. Don't be jealous Brandon.
jomax clux but he only pays himself 60k. And what about taxes and his employees?
Mercedez_ Gets_fit nah you a dumbass
Depressed Grizzlies Fan your life is a dumb ass
Amazon has been jacking up their prices
A friend of mine sells on eBay and Amazon. He simply reposts pictures of stuff that other people are selling, describing them in fancier words, and prices them higher. People will buy a higher priced items if it appeals to them. That guy makes thousands having the other vendors ship to his customers, and still keeps his high-dollar day job.
Ya, I did this for about a year and a half, I made about $4000 in profit. It's called Amazon FBA (Fulfilled By Amazon) You ship your items to MANY different warehouses all over the USA that Amazon owns and they take care of all the shipping TO the customer, customer service and returns. It's not nearly as EASY as they make it look.Factor in;
-- Gas money for searching (If you don't have a fuel efficient vehicle, FORGET this right now!)
-- Vehicle maintenance / oil and filter changes (it's negligible, but it still costs)
-- Taxes (Ya, more like TAXES!!)
-- Amazon Fees (Amazon ALWAYS has their hand out wanting MORE money in the form of FEES!!!)
-- Amazon Storage (Amazon charges a STORAGE fee even if it's been there for just a month on EACH item!)
-- Shipping (Even though you get Amazon shipping rates, which are the least expensive ANYWHERE, it still is taking away from your profits)
-- Shipping supply's (Yes you can ship in already used boxes, but where are you going to get all the tape, bubble wrap and shipping labels? This costs $$)
One thing to know also, Amazon doesn't just allow you to sell ANYTHING right from the start. Nooooo, you gotta prove yourself for quite some time if you want to sell like, clothes, performance vehicle parts and thousands of other things!!
Is this impossible? Nope, it CAN be done but the above is MY personal experience.
Trust me, Amazon is doing this for THEIR benefit, NOT YOURS!!
If you sell them something and the customer just "Claims" that it's fake, you're FINISHED. They will CLOSE your account and send you back ALL your stuff and YOU pay to get it all sent back to you!! (This has never happened to me, I just know the rules)
My 2 cents, stick to being a customer, they love you then!
Assuming there are no shipping and handeling fees, amazon fees and not counting time as money, there is a profit in the items mentioned on this video.
Rafael Ceballo There are shipping fees for these services. You can pay them yourself, or you can ship all these items for Amazon to do for you, but it comes at a gross percentage of sales.
728huey F Amazon. I know how to use a package tape dispenser...!
eQuariuz Gas? well, can't ups or Fed ex just come pick up ??
My friend picks up free WOOD ONLY furniture from graigslists. Learned how to sand and paint it. Sometimes just paint job and new knobs. Makes alot of money doung this. Also wood furniture from secondhand stores. Sells to upper jiddle class and so called hipsters or yuppies
So what!? Grossing millions but netting nothing is still a huge waste of time.
Gordon Miller Hey Gordon, nice to see you on UA-cam! I love your answers on Quora.
Hold on, are you really the dude from quora? Lol, wow the internet is such a small place!
Gordon Miller dumbass you are. You understand leverage? Value? Keep your stupidity at home dumbass. 15% of 4 million is 600k fuckface
Gordon Miller They said 15% profit, 600k is a waste of time to you?
The Business Channel Trash. I hate that guy
She buys and it never sold it
lmao totally went over pplz head
Return it to the retailer
Ramir3z iI
"even with shipping and fees I profit $15!!" NO! you still have the items which mean you wasted money and now you are hording random items.
the true winner here is walmart who sold you those "noneone buy items"
Journalism is so pathetic these days. She didn't even mention the FBA fees on that first item. They clearly don't know many of the basic things about flipping and she hasn't made any money if she still has the items with her in the studio. She would have to sign up for an Amazon FBA account and send the items....then wait likely months for the stuff to sell. People are catching on and Goodwills and thrift stores are being cleaned out by resellers daily. Now there's gonna be even more people to compete with.
Actually most of the Goodwill's have caught on and are selling most of the good stuff themselves online.
Thats these anchors for you they dont do research someone else does it all they are is a face.
That is so true. They must have got paid by Amazon to make it look easy. In this Amazon is profiting ..
B K Thrift stores aren't cleaned out daily.
i started 6 months ago and listed 2 new items i got for free and just made $500 today. sold yesterday! it was worth a bonus for christmas heyyy
1:45, who the fuck retailed those pens at $83.33.
Apple
I sell at Amazon for many years and there are a few things they did not mention. 1st is that Amazon fee is up to 30% of Product selling price depending on the item category. 2nd is that the shipping might cost you more than what you get. The heavy tire chains might cost $20 to ship but you only got $3.99 from Amazon to ship it. 3rd is the time to look for the item, checkout, package and ship the items out. 4) If going this route with such slim profit margin, each return is going to eat up more than the profit of 10 sales.
You can still make money but have to buy and selling things with a higher profit margin with things you know like in garage sales. Got games for $.50 that sold for $40+, $.25 hard drives that solve for $50+. Don't buy something that you don't know and good luck.
I’ll stick to dropshipping. Way less time and money to spend.
TechHub exactly
TechHub Do you have advice on how to start dropshipping?
Karo French well there is a lot to it. There are lots of people on UA-cam that teach it fully
CalKicks
You will likely not get the margins this guy gets and the dropshipping is not available for everything.
I started drop shipping used bras and knickers....very difficult...got into a right sticky mess:/
This is why good credit is important. Using free credit line to make money.
A Stand Great point and very true!
HAZZARD Helps with investment capital.
I'm doing the same thing and my name is Ryan too!
Amazon and eBay Guru Me too lmao
Haha but do you drop ship?
Amazon and eBay Guru No, too nervous that problems will come up if I'm not directly touching the product.
Amazon and eBay Guru can you help me start making money please?
Yes I can, please watch my videos and then if you are still looking for help, I offer personal coaching! I have 7 figure revenue from eBay and Amazon combined!
$1,000 a month for a year is about $12,000 a year. That's below minimum wage.
$1000 a month at 10 hours per week. Ramp that up to 40 hours per week, not taking into account that you get better by learning what sells, and you make at least $48,000 per year. Not too bad for a start.
Where I live that's about 1,5 times minimum wage.
Wonderful coverage. Learning more and more about Amazon FBA. Every piece of infomation helps thanks.
Will cost you 39.99 a month, kinda left that out, except that "fee" part she said.
Howlbigbadwolf and 15%
That's only if you're using a Pro account. You can do an individual account for free and only pay per sale.
You have to think about what overhead would cost at a brick and mortar. You could easily be paying thousands a month in rent so $40 is a steal. As long as you have your business model and niche product figured out you have nothing to complain about.
01:15 it took you 5 mins to install an amazon seller app? Are you using one of those 2007 phone?😂😂😂
awanil84 you have to sign up to be a seller before you can use the feature. She counted time for that too. If she said it took 30 seconds then it wouldn't be fully accurate as it takes more than just downloading the app to get the app to work.
😂😂😂😂😂
Amazon has warehouse fees, eBay doesn’t… you can drop shop right from your supplier on eBay.
It's that shipping cost that makes it almost impossible.
Did she say he profited 15% of 4 million with $60,000?? It’s actually 600,000. unless she meant he only paid himself 60,000 and reinvested the other 540,000 back into the business or elsewhere.
she's trippin'
Ramzinator I agree. I don’t trust these numbers but everyone else seems to
He claims 60,000 in salary in order to reduce his tax liability. 15% of 4,000,000 is 600,000, but if he were to claim that as salary he would pay a ton more in taxes. He takes 60k, then the remainder (assuming he does not reinvest in the business) of 540,000 he can take as a “shareholder distribution” at lower tax rate
Coach Colton he makez 4 million in total....doesnt that amount get taxed?
Revenue =/= Profit Not only that but if you try retail arbitrage with items that're protected(aka you need to be an authorized reseller of them from the manufacturer) all it takes is ONE fake/counterfeit claim from a buyer to trigger Amazon and possibly the item manufacturer to completely destroy you. Easiest way around that is to sell those items USED but put 'factory sealed' or 'new' in the item description. Between that and the fact that the Amazon phone/net reps seem to love to open ridiculous A-Z and/or return claims for the most absurd returns and that they'll ding your account if you don't at least acknowledge them, reselling on Amazon is NOT the way to Easy Street like this guy may want you to believe.
An example of a ridiculous return request I've seen mentioned on Amazon's seller forums: a lady who ordered a circular tablecloth from a listing for a circular tablecloth but who expected it to magically be the square/rectangular tablecloth she actually wanted. Then there was somebody trying to send back a worn out pair of running shoes after something like 4 years. Even if you sell items during the Christmas season when the return period extends into January sometime you shouldn't have to be abused by ridiculous requests like the ones above. Yet many resellers on Amazon will refund such ridiculous requests rather than face fighting an A-Z claim or in some cases having the rep(s) handling the requests for these customers do it for them by force. So again, enjoy attempting to resell on Amazon by following this guy's model. Just don't be surprised when you run into customers who are still brainwashed into thinking 'the customer is ALWAYS right' because they're NOT always right.
CheapestGamer give em their money back and sell it again. MOST people aren't going to be that petty over a $10 item...
The thing is how do you know you're going to even get the item(s) back? Some 'customers' are just looking for free or nearly free items by filing BS claims against sellers. Thing is, many sellers have that same attitude that you do of 'give them their money back and resell the item again'. But all that does is train them to expect everybody to do it EVERY TIME. Yeah. Not happening. You can call me petty if you want, but I got into the reselling hustle to MAKE money not give stuff away to people wanting something for nothing.
You don't need to be an authorized reseller to sell products. Not sure where you got that information but it's wrong.
You sound like you give up to easy..
Free Man Me? No. I would fight tooth and nail to prevent being scammed by 'customers'. I guess that's why I stopped selling on there, since I decided I'd rather sell face to face with a set in stone return/exchange policy than let Amazon's wishy washy bend over backwards for the 'customers' policy screw me out of money.
Too many of you mixed martial key board warriors. The topic is how someone took an idea and realized success using his idea. I would infer this is to inspire some, to try to thoroughly research this subject and possibly duplicate this young man's success. This man is describing a business and all business, should be taken very seriously, storefront or not. I read the comments, hoping to be inspired by what I assumed would be possible brain stormed ideas and examples of others success. Those of you that are able to boast your success in this area, please continue to out pace the silliness of those who obviously see nothing wrong with their efforts, followed by excuses.
keep worshipping wealth. keep worshipping the spaghetti monster
If everyone is already doing it, then there's a good chance you're not going to be as profitable...
Nathan, how about becoming your own boss. Or would you rather stay at the mercy of whatever company you're working for?
Mike McGlock So you're saying if you were able to buy a Starbucks franchise, you wouldn't be as profitable as the other ones??? uuuuhhhhhh...
You won't be as profitable as the person who founded Starbucks, Antonio moron. The market is already saturated and profit margin is slim.
It’s called Retail Arbitrage and lots of people do it, not news.
Cheaper to buy at the dollar store and flip it online. 50 percent more profit
Omg great idea!!!!
Rick Alvarez That and Craigslist. It's even better. Or Goodwill.
Cheaper at an estate sale or yard SALE. ( YES NIB items)
Rick Alvarez its cheaper to steal the items and flip it over online,100% profit😂
jomax clux *Wall Street
This stuff is only cheap because no one has bought them. Chances are you won’t sell them.
Few points: If you buy in bulk, you risk no selling it and it ends up in your basement. If you buy large quality items, you need to sore them, so you need a warehouse to store, that costs mega money. If you use fulfillment by Amazon, you have to ship your inventory to Amazon, which costs money to ship, then Amazon charges you storage fees for storing the inventory, and the fees continue if you don't sell the item. Amazon also charges you commission for any sales made on the Amazon marketplace. Amazon also charges you a monthly prime membership. What about the employees you need in your warehouse to handle the logistics. What about the employee cost of going to wall marts and finding cheap items to sell......
They are forgetting the shipping charges when they calculate a “profit”. A corporation with commercial discount shipping rates would be hard pressed to send a box of air anywhere in the us for less than $8-10.
You factor in the shipping costs
You can't even sell on Amazon through FBA during the 4th quarter unless you're an established seller. The majority of items new sellers scan will be gated or against ToS to sell as new. (You can't sell Belkin, Netgear etc as new without facing their legal team) You can't sell Disney, Lego, Nike, health and beauty, grocery, clothing and the list goes on. It is not as simple as this video makes it out to be. Last i checked to sell Nike you have to pay an upfront fee of THOUSANDS of dollars just to become partnered to sell their product. It's not impossible but it has become much harder to enter the scene due to Amazon restricting new sellers more every year. Good luck to anybody that's thinking about giving this a shot, just make sure you do your research! Also, Jesus Christ is our lord and savior, get to know him. God bless.
magic mojo but people are always flipping Nikes and Jordans and selling them on ebay for triple their worth. Same thing with Adidas, yeezys for over a grand and nobody's doing anything about it...or are you only talking about amazon?
Sixtus Shhhhhhh! ::)
Thanks and amen brotha!
magic mojo you gotta love this guy very informative about the cons which is what ppl end up failing cause of or running away from the idea this gives a nice view of what you should expect. God bless you sir, stay informative that's being ahead of the game.
magic mojo Amen!!!
The items are on clearance for reason. It’s means they’re not selling well
Someone, somewhere will eventually buy most things, eventually. I can't tell how many times I found clearance stuff that I like. It might be niche product, and doesn't see well in mass.
Maybe they are oversupplied. Shelf space is precious real estate for shops. If it doesn't turn into profit fast enough they have to empty the warehouse.
And yet this guy makes millions... Hmm. 🤔
or the technical term....a sack of old shite.
I got an ad about selling stuff on Amazon before this video 😆
I've listed my cookbooks and magazines (brand new) that I don't want to clog up my apartment, on Amazon for many months now, and I had managed to sell only a few items. Amazon charges very high listing, commission fees etc, yet it puts a limit on how much shipping I can charge... Even though I didn't take into account on how much I paid for my books when I bought them brand new, I still didn't make money after the Amazon fees and shipping. I can't imagine shipping to Amazon all my books and magazines that I want to get rid of and having to pay them the rent for storing and the extra processing fees when they sell. So I'm still chained to my cubicle job as of now.
This is fake, buy the toy for $5 sell for $9, but you end up paying amazon 10% commission, and like $4 for shipping. So your total cost is $9.90 but you sell for $9 lmao
Don't forget about the income tax that you also need to pay on it.
...And let’s not forget that Amazon hardly credits you enough for S&H costs.
And don’t forget that ur supposed to buy in bulk....
JohnStax 5 clowns in the this comment section,yous haven’t a clue have yes,go work your 9 te 5
Grossing a million is not the same as netting a million. He could buy 4 million gross worth of junk and sell 4 million gross--/ and be makes zero. The story is bullshit.
Damn what kinda phone you got that takes 5mins to download an app.
Download and make an account
Scott Mclean 😂😂😂
Scott Mclean not entirely the phone but more so the network
one she bought of that guy
Excellent -- thank you!
I've tried it. Not so convinced.
What was the turnout?
Total Bullion
It probably takes some effort!!
Total Bullion tried what? anal??
That just means you gave up.
Ive done it and unless u scan thousands and thousands of high selling items amazon storage fees will murder u
Absolutely this can be done and is done by many other folks under the radar. Good job kid, but stop giving away my secrets.
MrHoppers002 EBAY NIGGA AND AMAZONG
jvz5.com/c/869047/46405
Makes 4 million a year
*pays himself 60k*
Me: Uuuuuuhhhhhhhh what?
So he can reinvest
A guy who has never filed taxes and has no understanding of how companies work.
*See what they don't tell you is sales rankings on products. You can buy them for cheap but if their sales ranking on amazon suck then you wont sell any or only sell a little. And if you're doing FBA, those items with low sales rankings will sit on a shelf and you'll be paying monthly for cubic feet of space you're using*
I've done this for a while. Made a decent buck out of it. You need to be savvy about prices and understand trends, especially that any large-scale clearance will likely have a temporary glut of supply in the reselling market. Once you have an inventory system in place and a keen sense on when and what to acquire, you really can do this as a full time business. It's not easy, and you're not really a productive member of society (essentially taking advantage of inefficient buying tactics by large retail companies), but great in a pinch.
If you're going to be a reseller as a career, best to start looking into wholesellers and bulk shipments, possibly import/export and rebranding products.
Stealing things and selling them on amazon and ebay makes even more money...but I wouldn't recommend it.
Lame
nobody thinks about stealing ink or those expensive calculators lol!
Gary Vee would be so proud
That's why houses are super expensive in Cali
What an HOOOOOT and Smart Talented
GUY ...!
Man quit giving away secrets!!!
Otis Driftwood not really a secret. Most people just aren't motivated to do it.
haha. there's a lot they don't tell you. storage fees, oversize fees, returns, pro seller fees, etc. i don't do much retail arbitrage any more. and they're dealing with small profit margins.
Don't give it away for free that is
It's not pretty stupid to tell everyone. There are people that share business knowledge all the time. What he's sharing is no different, and in fact it pales in comparison. He is making the money he makes due to his organizational skills and not everyone has or will take the time to learn thorough skills. You can't make a living selling clearance items anyways, that's just how he started.
The Realistic Panasonic 💯💯💯
I want to give my costumers value for their money so I try the product first, but somehow my tested fleshlights are not selling 🤔
@David Walker They would actually probably sell for a bit, used panties sell
gotta love that silver impala whipping a shitty down the wrong way of traffic.
This sounds more like an advertisement than a news story
what about gas? that is alot of driving to wally world.
tax write off
@@joshclemons6612 write off your face
It’s the same thing as Ebay...
Amazon has much higher fees for sellers when doing the fulfilled by amazon thing.
Amazing how UA-cam suggests exactly what I need
My sister used to do this with clothes. She lived in Chicago where you could get quality stuff at outlet for dirt cheap.
I'll stick to dropshipping for now.
SeekerofTruth29 hey I’ve been trying to get into the drop shipping business. May I have assistance.
Ms.Erica Hawes whats ur facebook? I can message u
How has drop shipping been going for you
SeekerofTruth29 Facebook is Erica Hawes
SeekerofTruth29 what is drop shippin
This takes a lonnnnnnnnnng time to actually get profits. You have to be dedicated to actually succeed in doing this.
Reporter “That’s a profit”
Me: No it’s not, you have to pay shipping fees & seller fees. You lost 3 to 6 dollars.
please tell me he isn’t buying my precious super mario cereal
folks, before you spend a bunch of money on useless clearance crap, realize someone better buy it from you pretty quick our you'll be sinking a lot of money into your "side job". tread cautiously.
I've been selling things on Amazon for years and most items take a very long time to sell.
True
blueconversechucks I know you're just trying to be helpful, but it's actually having quite the opposite affect. Where do people like you get off, would it hurt so bad to just encourage somebody, try to.speak uplifting and positive for once.
@@yourfriendjohnny8889 Will you be uplifted and positive when you go from broke to $10k in the hole?
The developers are gonna patch this money glitch
Updating incoming!
There is no money glitch... i my self have learned this long time ago because i dont want to end up a slave to the system and live a normal life accepting things that i dont want and want to evolve as a human being and not remain low.)
litty entertainment Do you do this business?
I have this oxygen I grabbed on Black Friday from outside the mall!
They make it look so easy. They dont show you that most businesses fail or take a long time until they succeed. If there are people that succeeded straight away theyre either extremely lucky or lie about the fact that it took 6-12 months of struggle to achieve this.
lol you can definitely buy low..but sell hi is another story..
Ryan is on borrowed time. He is exploiting pricing inefficiency. Any day now there will be dynamic pricing based on automated discovery across vendors and retailers including craigslist and eBay. tick tock....
swankrecords interesting, id never heard of dynamic pricing but it definitely makes sense. However, it would never make sense to try and compete with craigslist and many ebay sellers because most aren't exactly looking to make a profit on items. It's more about getting rid of stuff and getting a couple bucks for it at the same time.
This is an old, old game. Ryan has found a new angle on it. As long as he keeps his eyes open to new opportunities, there will continue to be a place for traders in the future.
Exactly. Walmart should employ someone to do this with their clearance items.
Amazon has been using dynamic pricing for years now.
swankrecords
He knows...that is why he nets 600,000 yet pays himself 60k....saving half a mil per year...lol...he will be ready.
Plus by then, he may find a new business....AND have several mil and a lot of time to find yet another one...
It's a bridge to a bridge. 🌉
resell item from Walmart when send shipment to FBA amazon do u have attach for receipt also?
Awesome video, sad when cant do that in Finland.
I tried it . Now I'm stuck with junk no one wants to buy.
lenard - that means you bought things that were priced too high to begin with. I have doen this on ebay with stuff i got at walmart. it works. the main problem is being able to find enough stuff to sell.
give them away and learn your lesson
FBA and dropshipping are good business models if you know how to do it correctly.
SeekerofTruth29 whats FBA?
Dropshipping sucks.
Don't Reply it sucks if you suck at it lol
I want to do this. There's so much potential
He's living my dream. I use to do business online a while back selling books and CDs. Made good money but my source for my inventory quit.
If his business was indeed making money, why in the world would he share that to the world so that he will have more competition??
Karma Fairy he thinks hes on top of the world, only to get crushed by someone else.
its scripted
Karma Fairy If it's true its because he's already got his money and now it doesn't matter
The devil is in the details, you’ll never succeed unless you know some of the secrets up his sleeves which he doesn’t share here
its a gimmick for Amazon since they don't really make or have the stuff its other peoples stuff sold on their site.
That's a hustler right there
This is everyday working class inspiration for good working people to go from employee to entrepreneur by starting a work from home based side hustle.
4 million in sales to make 60k a year salary. Ouch!